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Intergenerational Mobility and Interpersonal Inequality in an African Economy
Lambert, Sylvie; Ravallion, Martin; Walle, Dominique Van de - HAL - 2014
than property inheritance. Significant gender inequality in consumption is evident, though it is almost entirely explicable … include an individualized measure of consumption. While intergenerational linkages are evident, we find a relatively high … of women. Male-dominated bequests of land and housing bring little gain to consumption and play little role in explaining …
Persistent link: https://www.econbiz.de/10010738725
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Taxing more (large) family bequests: why, when, where?
Arrondel, Luc; Masson, André - HAL - 2013
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation have been especially low and decreasing as a percentage of GDP, even to the extent of disappearing in quite a number of cases; by contrast, lifetime wealth or capital taxation...
Persistent link: https://www.econbiz.de/10010738837
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On the long-run evolution of inheritance: France 1820-2050
Piketty, Thomas - HAL - 2010
This paper attempts to document and account for the long run evolution of inheritance. We find that in a country like … France the annual flow of inheritance was about 20%-25% of national income between 1820 and 1910, down to less than 5% in … 1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully …
Persistent link: https://www.econbiz.de/10010738844
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On the optimal control of a linear neutral differential equation arising in economics
Boucekkine, Raouf; Fabbri, Giorgio; Pintus, Patrick-Antoine - HAL - 2011
In this paper, we apply two optimization methods to solve an optimal control problem of a linear neutral differential equation (NDE) arising in economics. The first one is a variational method, the second follows a dynamic programming approach. Due to the infinite dimensionality of the NDE, the...
Persistent link: https://www.econbiz.de/10008869309
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Basics of Dynamic Programming for Revenue Management
Chapuis, Jean Michel - HAL - 2008
The Revenue Management (RM), namely the pricing and the inventory control of a perishable product, is usually used to improve services marketing efficiency. While booking a flight, the manager has to allocate seats to various fare classes. Then, he has to assess the consequence of a current...
Persistent link: https://www.econbiz.de/10011025827
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Non linear filtering and optimal investment under partial information for stochastic volatility models
Ibrahim, Dalia; Abergel, Frédéric - HAL - 2014
This paper studies the question of filtering and maximizing terminal wealth from expected utility in a stochastic volatility models. The special feature is that the only information available to the investor is the one generated by the asset prices and, in particular, the return processes cannot...
Persistent link: https://www.econbiz.de/10011026142
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Monotone Concave Operators: An application to the existence and uniqueness of solutions to the Bellman equation
Van, Cuong Le; Morhaim, Lisa; Vailakis, Yiannis - HAL - 2008
We propose a new approach to the issue of existence and uniqueness of solutions to the Bellman equation, exploiting an emerging class of methods, called monotone map methods, pioneered in the work of Krasnosel'skii-Zabreiko (1984). The approach is technically simple and intuitive. It is derived...
Persistent link: https://www.econbiz.de/10009643770
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A game theoretic model for generation capacity adequacy in electricity markets: A comparison between investment incentive mechanisms
Khalfallah, Haikel - HAL - 2009
In this paper we study the problem of long-term capacity adequacy in electricity markets. We implement a dynamic model in which operators compete for investment and electricity production under imperfect Cournot competition. The main aim of this work is tocompare three investment incentive...
Persistent link: https://www.econbiz.de/10008789579
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Subjective Beliefs and Schooling Decisions
Belzil, Christian - HAL - 2007
This paper considers the estimation of sequential schooling decisions made by agents who are endowed with subjective beliefs about their own ability. I use unique Italian panel data which provide information on i) the curvature of the per-period utility function, ii) schooling decisions, iii)...
Persistent link: https://www.econbiz.de/10008791750
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Inferring Company Structure from Limited Available Information
Andreica, Mugurel Ionut; Andreica, Angela; Andreica, Romulus - HAL - 2008
In this paper we present several algorithmic techniques for inferring the structure of a company when only a limited amount of information is available. We consider problems with two types of inputs: the number of pairs of employees with a given property and restricted information about the...
Persistent link: https://www.econbiz.de/10008791951